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Because they underwrite policies differently, perpetual insurers will be analyzed differently than traditional insurers, according A.M Best. The firms methodology change, detailed in its Analyzing Perpetual Insurers criteria report is not expected to affect ratings and is reflected in the most recent version of Bests Credit Rating Methodology (BCRM).
May 8 -
Underwriting efficiency and accuracy are the goals behind Valen's InsureRight.
May 7 -
While maturity of big data implementations was key to returns, Nucleus Research's review of 58 case studies found an average ROI of 241 percent.
May 7 -
Compared to a year ago, the composite rate for commercial property/casualty and professional lines coverage increased 3 percent in April 2012, according to new research from MarketScout, an insurance distribution and underwriting company.
May 7 -
Progressive Casualty Insurance Company is suing State Farm Mutual Automobile Insurance Company for allegedly infringing on patents related to vehicle monitoring systems and variable insurance rates.
May 6 -
The number of IT jobs in the finance and insurance industry has dropped 0.34 percent, according to a new study.
May 6 -
Horizon BCBSNJs facility opens in the summer. The retail center will be staffed by specially-trained personnel to help customers with their health insurance needs, direct them to resources for maintaining a healthy lifestyle and assist them in purchasing health insurance products and services.
May 4 -
Company headquarters in Madison, Wis., endures all but two of the layoffs, which are effective immediately.
May 4 -
A number of insurers, including AIG, The Hartford, Prudential, have released financial results for Q1 2012
May 4 -
InsuranceSuite to support entire range of general insurance business processes, expand service offerings for Guidewire's first Japanese customer.
May 4 -
DocuSign boasts several life, P&C clients, points to straight-through processing as motivation for e-signature purchases.
May 4 -
In the month of April, severe weather in the central and southern sections of the United States caused $1 billion in insured losses, according to the Global Catastrophe Recap report, published by Impact Forecasting LLC, the catastrophe model development center of Aon Benfield. Economic losses were even higher.
May 3 -
The seventh annual INN's Women in Insurance Leadership program profiles women insurance professionals whose leadership and performance has redefined their business and its application of technology.
May 3 -
NFIP reforms sought, but likely to be punted again as competing agendas stall legislation.
May 3 -
CEF growth continues, albeit at a slower pace, despite dwindling refinancing opportunities.
May 3 -
The study reported that the trend of mergers and acquisitions among MPL insurers continued in 2011 with Medical Protective acquiring Princeton Insurance from Medical Liability Mutual Insurance Co and Doctors Company Insurance Group acquiring FPIC Insurance Group while the NORCAL Group purchased Medicus Insurance Holdings Inc.
May 3 -
Application chosen as OneBeacon attempts to improve underwriting profitability, scale the business and achieve high service levels with agents.
May 2 -
About 85 percent of asset management firms and insurers have seen increased brand awareness on social media platforms, 67 percent have seen increased engagement with clients and prospects and 58 percent say social media has led to increased website traffic.
May 2 -
New regulations would close medical mills, end payments when no medical treatment is provided and speed claims resolutions.
May 2 -
Using SpeedBuilder Systems' BindExpress Policy Suite, Fremont adds its eighth commercial line in under two years.
May 2